Legal Business

Pick your battles

 THIRD-PARTY FUNDING 

London’s litigation funders are turning their attention to international arbitration. Can this deliver their breakthrough?

No sooner had Excalibur begun to drift from memory than another setback befell the litigation funding industry: the decision in August of the RSM v Saint Lucia majority to award security for costs on account of an unnamed funder’s involvement in the case, the first time such an order had been issued in the context of investment arbitration.